The Recent Depression of Trade Its Nature Its Causes And the Remedies Which
The Recent Depression of Trade Its Nature Its Causes And the Remedies Which
Walter Edward Smith
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The warning con- tained in them comes with special force and appro- priateness from the Bishop of that city which is the great centre of the cotton trade, and one of the greatest sinners against the laws of commercial morality. He said, * " I do not dream foolish dreams, but I feel that unless there is a radical change iu our lives, in our motives, and in our con- duct one towards another, the prosperity of this country is doomed. If we are perpetually to have strikes between capital and labour... ; if we are to trade as we have for ten or twelve years been trading upon fictitious capital ; and if the whole surface of society is to be undermined with rottenness and trickery, so that men. Hardly know whom to trust — if this is to be the normal condition of our lives, I do not see how society is to go on. It was once a great puzzle — I will not say to a great statesman, but to a great Englishman — how her Majssty's Govern- ment was to be carried on, but it is a much more important question hoAv society is to go on in the present condition of things.^^ Our commerce is no doubt largely injured by protective tariffs.
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